The Internet of Things and Life & Health Insurance

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
14 May 2014
Donald Light

Can an Old Industry Learn New Tricks?


The Internet of Things will change the life and health business.

The world is changing. It is becoming more connected. People, places, and things are using these connections to exchange an exploding amount of digital information and data. This digital stuff is stored and analyzed, and then yields predictions, feedback, and control.

The Internet of Things (IoT) has three, interdependent components: things with networked sensors, data stores, and analytics engines.

“The value creation of the IoT lies in what connects the three components: one, the internal state and external status data and information, which can provide a much more accurate, and sometimes previously unavailable, picture of the hazards and risks of what is being insured; two, analytically driven findings — some looking backward to improve pricing, underwriting, and claim decisions and others looking forward to changing behavior and performance; and three, feedback and control processes to command or request things to change their loss-related behavior and performance,” said Donald Light, Director of Celent’s Americas Property/Casualty Practice and author of the report.

This report discusses how The IoT will change every part of the insurance value chain: product design, pricing, underwriting, service, and claims.

Insight details

Special Interest
Innovation & Emerging Technology
Content Type
Report Type
Industry Trends
Asia-Pacific, EMEA, North America
Subscription categories
Insurance, Life/Annuities Insurance